Flexible Retail and Office
For Sale
Contact for pricing
205 S Center Rd, Saginaw, MI 48638
Versatile building with an open, flexible layout, plus parking and a storage shed for added convenience.
Property Size2,127 SF
Price / SF$0.00
Days on Market124
Property Features for 205 S Center Rd
General Information
Standard status
Active
Size
2,127 SF
Property subtype
Retail, Office
Zoning
B-3
Building Details
Building Size
2,127 SF
Year Built
1999
Stories
1
Tenancy
Single Tenant
Listing Agency:
CENTURY 21 Signature Realty
Listed By:
Kenneth M. Kujawa · License #6502333762
(989) 239-5581
Source:
Cpix.resimplifi
Added: Jun 30
Changed: Oct 25
Last Checked: Oct 30 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Signature Realty
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Investment Insights
Based on property information with market context.
This versatile commercial building offers over 2,000 sq. ft. of retail or office space with an open, flexible layout. The interior configuration is designed to support a range of retail, office, or service-related uses, allowing for customization based on a business’s needs.
Located at 205 S Center Rd in Saginaw, MI 48638, the property includes parking and also features a shed for additional storage.
Ideal for businesses seeking adaptable space, the combination of open interior planning and on-site parking supports day-to-day operations, while the storage shed provides extra room to keep equipment or inventory organized.
Located at 205 S Center Rd in Saginaw, MI 48638, the property includes parking and also features a shed for additional storage.
Ideal for businesses seeking adaptable space, the combination of open interior planning and on-site parking supports day-to-day operations, while the storage shed provides extra room to keep equipment or inventory organized.
Key Highlights
- Commercial building built in 1999
- Over 2,000 sq. ft. of retail or office space
- Open, flexible layout suited for multiple business uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,842
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
$316.8K
Cap Rate 7%
$226,314
$226.3K
Cap Rate 9%
$176,022
$176.0K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$27.6K $12.96/SF
− Vacancy
−$4.9K −$2.32/SF
EGI
$22.6K $10.64/SF
− OpEx
−$6.8K −$3.19/SF
NOI
$15.8K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,840
Cap Rate 7%
$226,314
Cap Rate 9%
$176,022
Alternative Uses
Best Use
Office B
$297.4K
$260.2K – $347.0K
NOI $20,818 @ 7.0% cap · market cap 208,180.00%
Second Best
Retail
$226.3K
$198.0K – $264.0K
NOI $15,842 @ 7.0% cap · market cap 158,420.00%
Theoretical Best
Specialty Retail
$393.0K
$343.9K – $458.5K
NOI $27,508 @ 7.0% cap · market cap 275,080.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
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Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile building with an open, flexible layout, plus parking and a storage shed for added convenience.
Where is this retail space located?
The property is located at 205 S Center Rd Saginaw, MI.
What are key features of this property?
This property features: Commercial building built in 1999; Over 2,000 sq. ft. of retail or office space; Open, flexible layout suited for multiple business uses
